Excess unbudgeted funds in the amount of $38,500,000 in each fiscal year are transferred to the Debt Service Fund to be used to pay debt service on previously issued bonds. These funds include: $12,000,000 in each fiscal year from Medical Cannabis application fees; $9,000,000 in each fiscal year from the Department of Financial Institutions; $6,500,000 in each fiscal year from interest earnings on funds from the Local Government Economic Development Fund; $6,000,000 in each fiscal year from the Department for Alcoholic Beverage Control; and $5,000,000 in each fiscal year from the Secretary of State. In addition, in accordance with the appropriations act, Restricted Funds from excess bond proceeds and investment income earned on bond proceeds in the amount of $17,725,700 in fiscal year 2027 are transferred to the Debt Service Fund to be used to pay debt service.

173